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Butterfy

Butterfly on BTCBeen on vacation for a while and finally back to the chart. What you see here is a potential butterfly on BTC. Trade should be taken between 34.5k - 35k. Confluence for this trade: - 3 Fibonacci Gan Fan. - Golden pocket. - Butterfly Harmonic with a 1.27 fib level. - Monthly level - Naked POC. - Elliot wave 4 count There are probably way more confluence why the price is likekly to fall on this price. Stoploss above invalidation (35k). TP levels: 30k, 27k 25k and 20k.
COINBASE:BTCUSDShort
by Chahin073
3
DARUSDT bearish butterfly in formationDARUSDT bearish butterfly. The price action is in a confluence with the double bottom formation of BTCUSDT. The Fibonnacci ratios is wonderfully converging with local support and resistence. A Potential Reversal Zone (PRZ) is expected from D point 1.41 Fibonacci extention ratio. Oversold condition for the intraday and hidden bullish divergence on Ehlers' Fisher Transform oscillator (detail in aupdates). Ehlers' Fisher Stochastic Sinewave bullish after price action retrace from 50% to 88.6% Fibonacci Retracement. 14.6% Fibo targeting in conjuction to expected XD leg upward Butterfly extension. That's the perfect scenario for a pullback and I bought a buch of DAR tokens for 1USD. Not a financial advice, only my technical analyses.
Long
by firmestudio
1
APE - Harmonic ButterflyMy favorite Harmonic pattern, Butterfly ... The Butterfly Pattern®, The general extension structure of the Butterfly Pattern® was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.” This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern® requires specific Fibonacci ratios to validate the structure. These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern® must include an AB=CD pattern™ to be a valid signal. Frequently, the AB=CD Pattern™ will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) B-C projection. These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all time (new highs/new lows) price levels.
Long
by Double_R_86
2
AUD/USD: BULLISH BUTTERFLY PATTERN FORMATION - SHORT SETUP 🔔Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
10